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Zurn Water Solutions Corporation (NYSE: ZWS) has expanded its flow systems portfolio by acquiring the Wade Drains product line from McWane, Inc. This move enhances Zurn's existing expertise and market coverage in drainage and environmental products. Wade is recognized for its specified commercial plumbing products and has a long history in the industry. The acquisition aims to foster growth in Zurn's flow systems business by adding a reputable brand to its offerings.
Positive
Expansion of product portfolio through the acquisition of Wade Drains.
Increased market coverage for drainage and environmental products.
Potential for growth in Zurn's flow systems business due to Wade's established brand.
Negative
None.
MILWAUKEE--(BUSINESS WIRE)--
Zurn Water Solutions Corporation (NYSE: ZWS) announced today that it expanded its high-quality flow systems portfolio with the acquisition of the Wade Drains product line from McWane, Inc. Founded in 1865, Wade manufactures a wide range of specified commercial plumbing products for customers across North America.
The acquisition leverages Zurn’s existing expertise in flow systems to expand its market coverage and offer an additional brand of drainage and environmental products.
“We have long respected McWane and we are excited to add the Wade brand to our product offering,” said Craig Wehr, President of Zurn Water Solutions. “Wade is a well-known brand and has a long-standing history of engineering specifications that will benefit the growth of our flow systems business.”
About Zurn Water Solutions
Headquartered in Milwaukee, Wisconsin, Zurn Water Solutions is a growth-oriented, pure-play water business that designs, procures, manufactures and markets what we believe is the broadest sustainable product portfolio of solutions to improve health, human safety and the environment. The Zurn Water Solutions product portfolio includes professional grade water control and safety, water distribution and drainage, finish plumbing, hygienic and environmental, and site works products for public and private spaces. Additional information about the Company can be found at www.ZurnWaterSolutions.com.
Forward-Looking Statements
Information in this release may involve outlook, expectations, beliefs, plans, intentions, strategies or other statements regarding the future, which are forward-looking statements. These forward-looking statements involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Zurn Water Solutions Corporation as of the date of the release, and Zurn Water Solutions Corporation assumes no obligation to update any such forward-looking statements. The statements in this release are not guarantees of future performance, and actual results could differ materially from current expectations. Numerous factors could cause or contribute to such differences. Please refer to “Risk Factors” and “Cautionary Notice Regarding Forward-Looking Statements” in the Company’s Form 10-K for the transition period ended December 31, 2020 as well as the Company’s annual, quarterly and current reports filed on Forms 10-K, 10-Q and 8-K from time to time with the SEC for a further discussion of the factors and risks associated with the business.
